Many large corporations in Europe, especially in sectors of prior consistent growth and profit, are chock full of too many managers.
These are people who primarily create work for themselves and each other. I have sat in meetings about meetings for actions that, ultimately, have zero impact, in teams where managers involve outnumber people who actually execute anything three to one.
It's staggering.
I believe the best way to kill a company is to have middle management beyond the absolute minimum you might need.
These are people who primarily create work for themselves and each other. I have sat in meetings about meetings for actions that, ultimately, have zero impact, in teams where managers involve outnumber people who actually execute anything three to one. It's staggering.
I believe the best way to kill a company is to have middle management beyond the absolute minimum you might need.
So, ASML is extremely on point here.